Week #2 Commentary
a.
*it is pretty interesting that man is pretty self-centered, and he will disrupt the partnership if he
is forced to cooperate. But he still needs to depend on his partner to live.
*It is not that interesting that the whole chapter is telling the history of how market system came into being.
b.
* Is there a better system than market system that can help economy grow faster?
* How is the solution of market system different than the first two ways--tradition and demand--in economic way?
* Why is economic man so important to the market system? What can economic man contribute to this system?
c.
Over the centuries man has found only three ways of guarding against this calamity.First is to hand down the varied and necessary tasks from generation to generation according to custom and usage. ex. son follows father and a pattern is reserved. and the second is to use the whip of authoritarian rule to get its tasks done. People solve problems by using one of them. Later on, the third solution showed on to the world. The appearance of market system makes economists seem important, everyone tries their best to get the most profits. People are born with the idea of gain, so if everyone can do their best with their jobs and the society will be in nice order. For the market system is not just a means of exchanging goods; it is a mechanism for sustaining and maintaining an entire society. In that way, the society can be run stably. Land, Labor and Capital are three basic agents of production which the market system allocate. As the time went on, the new lifestyle started to get out of the old one. First, there was the gradual emergence of national political units in Europe. The political change encourages people to go abroad to explore new things which helped the revolution. A second great current of change was to be found in the slow decay of the religious spirit under the impact of the skeptical, inquiring, humanist views of the Italian Renaissance. Perhaps the most important change of all in the pervasiveness of its effect was a rise in Scientific curiosity. Later on, the term "Economic man" came in to being. Then the great market system was born. After the market system was born, the world was stepping up to brand new age.
*it is pretty interesting that man is pretty self-centered, and he will disrupt the partnership if he
is forced to cooperate. But he still needs to depend on his partner to live.
*It is not that interesting that the whole chapter is telling the history of how market system came into being.
b.
* Is there a better system than market system that can help economy grow faster?
* How is the solution of market system different than the first two ways--tradition and demand--in economic way?
* Why is economic man so important to the market system? What can economic man contribute to this system?
c.
Over the centuries man has found only three ways of guarding against this calamity.First is to hand down the varied and necessary tasks from generation to generation according to custom and usage. ex. son follows father and a pattern is reserved. and the second is to use the whip of authoritarian rule to get its tasks done. People solve problems by using one of them. Later on, the third solution showed on to the world. The appearance of market system makes economists seem important, everyone tries their best to get the most profits. People are born with the idea of gain, so if everyone can do their best with their jobs and the society will be in nice order. For the market system is not just a means of exchanging goods; it is a mechanism for sustaining and maintaining an entire society. In that way, the society can be run stably. Land, Labor and Capital are three basic agents of production which the market system allocate. As the time went on, the new lifestyle started to get out of the old one. First, there was the gradual emergence of national political units in Europe. The political change encourages people to go abroad to explore new things which helped the revolution. A second great current of change was to be found in the slow decay of the religious spirit under the impact of the skeptical, inquiring, humanist views of the Italian Renaissance. Perhaps the most important change of all in the pervasiveness of its effect was a rise in Scientific curiosity. Later on, the term "Economic man" came in to being. Then the great market system was born. After the market system was born, the world was stepping up to brand new age.
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